Insight
Iron ore’s sleeping giant – Simandou moves a step closer to development
Report summary
The involvement of the SMB-Winning consortium is a big step forward for the development of Simandou North. Political considerations are paramount, but ultimately much will depend on SMB-Winning’s view of the long term outlook for seaborne iron ore. In particular, will Chinese imports hold close to 1 billion tpy and will India emerge as a major importer of iron ore within the next ten years? One or both of these outcomes is necessary to make the project economically viable.
Table of contents
- What has happened?
- What are the Simandou deposits?
- Project economics
- Market impact
- Trans-Guinean or the highway
- China all but controls Guinean economy
- Summary
-
Scenario analysis
- Base case:
- Base case plus Simandou North:
- Scenario 1 (low Indian imports):
- Scenario 2 (high Chinese imports):
Tables and charts
This report includes 5 images and tables including:
- Guinea iron ore deposits
- A brief history of the Simandou project
- Iron ore contestable market cost curve 2030 (CFR China, 62% Fe fines equivalent)
- Simandou North project economics
- Simandou scenario analysis
What's included
This report contains:
Other reports you may be interested in
30 July 2019
Global iron ore short-term outlook July 2019
Commodity Market Report
Global iron ore short-term outlook July 2019
Iron ore’s meteoric rise continued through July, with the benchmark 62% Fe index averaging $120/t CFR, a fresh five year high.
$2,00002 June 2016
MENA upstream month in brief: 2 June 2016
Insight
MENA upstream month in brief: 2 June 2016
May's key stories from the Middle East and North Africa upstream sector, with Wood Mackenzie's expert opinion and analysis.
$45031 January 2020
Global iron ore short-term outlook January 2020
Commodity Market Report
Global iron ore short-term outlook January 2020
A volatile start to an uncertain year for iron ore!
$2,000
Trusted by leading organisations
